Firms Alongside US Equities On Thursday

NZD/USD prints at $0.6165/70, the pair rose ~0.5% on Thursday.

• Kiwi firmed from Asia session lows rising ~1.3% from trough to peak; sentiment was aided by soft US data, firmer Equities and an large fall in USD/JPY which spillover into wider USD weakness.
• Resistance was seen ahead of the $0.62 handle and gains were pared into the close.
• Technically the Kiwi is consolidating gains, bulls target a break of $0.6223, high from 4 Dec, this opens $0.63 handle. On the downside bears immediate focus is on the 20-Day EMA ($0.6081) to turn the tide.
• A short time ago Q3 Manufacturing Activity crossed, falling 2.8% Q/Q. The prior read was revised lower from 0.2% Q/Q to -0.8% Q/Q. Q3 Filled Job was also on the wires and rose 0.3% Q/Q.
• The local docket is empty for the remainder of the session on Friday leaving wider swings in risk sentiment as the main driver in NZD.